Despite Job Losses, Recession
Is Officially Declared Over

The National Bureau of Economic Research said the U.S. economic recession that began in March 2001 ended eight months later, not long after the Sept. 11 terrorist attacks.

Most economists concluded more than a year ago that the recession ended in late 2001. But Thursday's declaration by the NBER -- a private, nonprofit economic research group that is considered the official arbiter of recession timing -- came after a lengthy internal...